Individuals and groups who have an interest in how a firm performs and can influence a firm's actions are known as
A) competitors
B) cohorts
C) stakeholders
D) shareholders

Question

Quizplus · Accepted Answer

Competitors are only one type of stakeholder and do not include all individuals and groups that may have an interest in a firm's performance. Cohorts is not a commonly used term in business and does not accurately describe stakeholders. Shareholders are a specific type of stakeholder who hold equity in the company, but not all stakeholders are shareholders. Therefore, the best choice is C - stakeholders, as it includes all individuals and groups with an interest in the firm's performance and ability to influence its actions.

Individuals and Groups Who Have an Interest in How a Firm